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Heliad AGFRA:A7A -1.38%59 Return-on-Tangible-Asset is 75.95% as of Dec. 2025, which is 302% above its 10-year median of 18.89. GuruFocus rates FRA:A7A with a GF Score™ of 59/100 and a GF Value™ of €3.02 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 1,631 Asset Management companies, Heliad AG ranks better than 99.14% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Heliad AG's annualizedNet Income for the quarter that ended in Dec. 2025 was €132.36 Mil. Heliad AG's average total tangible assets for the quarter that ended in Dec. 2025 was €174.27 Mil. Therefore, Heliad AG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 75.95%.
The historical rank and industry rank for Heliad AG's Return-on-Tangible-Asset or its related term are showing as below:
FRA:A7A'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.59 Med: 18.89 Max: 110.11
Current: 71.9
During the past 13 years, Heliad AG's highest Return-on-Tangible-Asset was 110.11%. The lowest was -0.59%. And the median was 18.89%.
FRA:A7A's Return-on-Tangible-Asset is ranked better than 99.14% of 1631
companies
in the Asset Management industry
Industry Median: 4.58
vs FRA:A7A: 71.90
Heliad AG (FRA:A7A) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Heliad AG Return-on-Tangible-Asset Related Terms
Heliad AG Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Heliad AG's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:A7A vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Heliad AG's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Heliad AG Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Heliad AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Heliad AG's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 75.95% mean?
Heliad AG (FRA:A7A) has a Return-on-Tangible-Asset of 75.95% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Heliad AG and its competitors. This is 302% above median its historical median of 18.89. According to the industry distribution chart, Heliad AG ranks #14 out of 1631 companies in the Asset Management industry, placing it in the top 0.90000000000001%.
Is Heliad AG's Return-on-Tangible-Asset too high?
Heliad AG's current Return-on-Tangible-Asset of 75.95% is 302% above median its 10-year median of 18.89. The Asset Management industry median Return-on-Tangible-Asset is 4.58. Heliad AG's value of 75.95% is 1558.3% above this industry median. Based on the distribution chart, Heliad AG ranks #14 out of 1631 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Heliad AG has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Heliad AG's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Heliad AG ranks #14 out of 1631 companies for Return-on-Tangible-Asset. This places Heliad AG in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.58. Heliad AG's value of 75.95% is 1558.3% above this benchmark. While the company's 10-year median is 18.89 vs. the industry median of 4.58, Heliad AG has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.58, based on 1,631 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heliad AG's current Return-on-Tangible-Asset of 75.95% is 1558.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Heliad AG and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heliad AG's current Return-on-Tangible-Asset is 75.95%, which is 302% above median its own 10-year median of 18.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heliad AG stock overvalued right now?
Based on GuruFocus' analysis, Heliad AG (FRA:A7A) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.02, compared to a current price of €14.25 — trading 371.9% above its estimated fair value. The current Return-on-Tangible-Asset is 75.95%, which is 302% above median its 10-year median of 18.89 and 1558.3% above the Asset Management industry median of 4.58. Heliad AG's overall GF Score™ is 59/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Heliad AG (FRA:A7A), the current Return-on-Tangible-Asset is 75.95% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Heliad AG (FRA:A7A) Overvalued in 2026?
Based on GuruFocus' analysis, Heliad AG stock appears to be overvalued.
The current stock price of €14.25 is trading 371.9% above its estimated GF Value™ of €3.02.
GuruFocus considers Heliad AG to be Significantly Overvalued.
Key valuation signals for FRA:A7A:
Return-on-Tangible-Asset: 75.95% (302% above median its 10-year median of 18.89)
GF Value™: €3.02 vs. price of €14.25 (371.9% above fair value)
Industry Position: 1558.3% above the Asset Management median (#14 of 1631)
No single metric tells the full story. See the FRA:A7A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heliad AG is an investment company. It makes investments with a long investment horizon in high-growth technology companies, providing them long-term support before, during, and after an IPO, and facilitates their access to public capital markets. The company's structure allows it to act independently of the restrictions of customary financing terms and offers shareholders access to market returns even before the IPO, without restrictions or limitations on the size of the investments and term commitments for the shareholders.
59GF Score
Get the complete analysis for FRA:A7A
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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